Archives for posts with tag: global industry

The container shipping sector derives many of its characteristics from the dual but separate nature of the freight and charter markets, and 2018 so far has seen some distinctly ‘two-tier’ trends in the box shipping space, with freight and charter rates experiencing a clear difference in performance. What has caused that to happen, and how likely is it to be sustained?

For the full version of this article, please go to Shipping Intelligence Network.

Advertisements

In June 2016, the ‘Neo-Panamax’ locks at the Panama Canal opened to commercial traffic, enabling a much larger proportion of the world’s fleet to transit the canal. Nearly two years on, official dimension restrictions at the Neo-Panamax locks are being amended, with an even greater share of the fleet theoretically capable of passing through the canal from 1st June onwards.

For the full version of this article, please go to Shipping Intelligence Network.

After three consecutive years of falling offshore project CAPEX, things were a little more positive on the project sanctioning front in 2017, with major developments such as Coral FLNG Ph.1 receiving FIDs and total global offshore project CAPEX rising by 44% y-o-y. Sanctioning sentiment is still well below pre-downturn levels, but the relative positivity seems to be holding, so what might be on the cards for 2018?

For the full version of this article, please go to Offshore Intelligence Network.

The shipping industry is essential to the smooth functioning of the world economy, transporting around 85% of the world’s international trade in tonnage terms. So it comes as no surprise that ships are all over the world at any given time. However, the ability to identify ships’ positions by vessel tracking systems today means that one can be more precise than ever in breaking this down a little further…

For the full version of this article, please go to Shipping Intelligence Network.

The car carrier sector has experienced very challenging market conditions over recent years, partly reflecting an estimated 2% decline in global seaborne car trade between 2013 and 2016. However, in common with a number of other shipping sectors, 2017 so far has seen an encouraging return to notably more positive trends on the demand side.

For the full version of this article, please go to Shipping Intelligence Network.

Indian offshore fields used to be the main source of the natural gas consumed in India’s rapidly growing, energy-hungry economy; now however, it is LNG imports. This recent change is largely due to a decline in the country’s offshore gas output. But as part of a drive to reduce reliance on energy imports, the Indian government has been introducing policies designed to raise offshore gas production once more…

For the full version of this article, please go to Offshore Intelligence Network.

Just prior to Halloween, the UN announced that levels of CO2 in the atmosphere reached new record levels of 403 ppm in 2016. The shipping industry remains a broadly efficient transportation solution in terms of emissions per tonne of cargo, but the news will only increase the focus on what new action may now be necessary, against the spectre of substantial fleet growth over the last decade.

For the full version of this article, please go to Shipping Intelligence Network.